Global Payments (NYSE:GPN) Given New $82.00 Price Target at Royal Bank Of Canada

Global Payments (NYSE:GPN) had its price target decreased by Royal Bank Of Canada from $97.00 to $82.00 in a report released on Wednesday, MarketBeat.com reports. Royal Bank Of Canada currently has a sector perform rating on the business services provider’s stock.

A number of other brokerages have also recently weighed in on GPN. Stephens decreased their price objective on Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a research report on Thursday, January 22nd. Mizuho lowered their price objective on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. JPMorgan Chase & Co. lowered their price objective on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, Wells Fargo & Company boosted their price objective on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.77.

Global Payments Stock Performance

Shares of NYSE GPN opened at $65.12 on Wednesday. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 0.34 and a beta of 0.76. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments has a 1-year low of $62.45 and a 1-year high of $90.96. The stock’s 50-day moving average is $71.76 and its 200 day moving average is $77.02.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.Global Payments’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts anticipate that Global Payments will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 9th were given a $0.25 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s payout ratio is presently 17.27%.

Institutional Trading of Global Payments

Several hedge funds and other institutional investors have recently bought and sold shares of GPN. Independent Advisor Alliance boosted its position in shares of Global Payments by 260.5% during the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock valued at $2,446,000 after purchasing an additional 21,278 shares in the last quarter. BIP Wealth LLC boosted its position in shares of Global Payments by 151.6% during the third quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock valued at $2,501,000 after purchasing an additional 18,138 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Global Payments during the third quarter valued at approximately $905,000. HB Wealth Management LLC boosted its position in shares of Global Payments by 213.9% during the third quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock valued at $3,062,000 after purchasing an additional 25,118 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of Global Payments during the third quarter valued at approximately $1,024,000. Institutional investors own 89.76% of the company’s stock.

About Global Payments

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.